In West Bengal, financial bids from the short-listed infrastructure companies have been called by the West Bengal Highway Development Corporation (WBHDC) for four-laning of the Dankuni-Chandannagar section of State Highway-13. Infrastructure majors such as Gammon India, HCC, IVRCL and Nagarjuna Construction are in the fray to participate in the project, sources said.
Tag: Infrastructure companies
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‘Exit norms for road projects can bring in funds, cut debt’
Infrastructure companies have welcomed the GovernmentÂ’s move to bring in flexibility in the roads sector, including revised norms that permit stake sale in projects right after commissioning. The move is expected to accelerate the rate of churn of projects, increase the size of disinvestment, bring about liquidity, aid in debt swap and infuse fresh equity into new projects. R Balarami Reddy, Executive Director, Finance, IVRCL said that the decision will help speed up the process of exits and giv
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IIFCL MF launches maiden IDF
IIFCL Mutual Fund recently launched its maiden infrastructure deft fund (IDF) scheme , which will undertake investment in debt securities or securitised debt instruments of infrastructure companies. It would also cater to infrastructure capital companies or infrastructure projects, special purpose vehicles and
bank loans
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15 firms bid for Mumbai’s Pedder Road flyover contract
In Mumbai, as many as 15 infrastructure companies have evinced interest in the controversial Pedder Road Flyover project and their representatives attended a pre-bid meeting held by Maharashtra State Road Development Corporation (MSRDC) on January 28.
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Facilitate training for technical manpower | Budget 2013-14
Recognise construction industry as a labour intensive industry: There has been a low rate of employment growth in the manufacturing sector. Construction is a labour intensive sector having an employment elasticity of 0.88, higher than agriculture. Presently, employs 30 million people and is expected to generate another 70 million jobs by 2016.
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Rs 155 bn infra loans recast in Apr-Sep 2012
A large amount of loan given by banks to infrastructure companies were restructured in Apr-Sep 2012 period because of high interest rate, rise in debt levels among these firms, reports suggest.During this period, loan worth Rs 15,562 crore belonging to infrastructure companies were restructured, data from the corporate debt restructuring (CDR)
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Slowdown hits NHAIÂ’s projects
The National Highways Authority of India (NHAI) awarded a whopping 49 projects totalling 7,500 km last fi nancial year. But this fi scal, in the fi rst six months, the authority has managed to award just four projects measuring 560 km. NHAI attributes this situation to eco-denomic slowdown. Infrastructure companies, who grabbed every road project on offer last fi scal, are now not showing interest to take up these projects. None of the projects awarded last fi scal was on engineering, procuremen